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  • Veteran Walmart executive dies at 82

    Influential and longtime Walmart executive Don Soderquist died after complications related to heart surgery. He was 82.   Soderquist joined Walmart in 1980 as executive VP of administration and logistics and was a driving force behind the company’s growth. From 1988 to 1999, he served as vice chairman and COO. He retired in 2000 and remained on the Walmart board until 2002.   
  • Passing of the baton at J.C. Penney

    Some three years after he returned to save J.C. Penney, industry veteran Myron E. (Mike) Ullman will retire from the company on Aug. 1.    Ullman is passing the reins of chairman of Penney’s board of directors to current CEO Marvin R. Ellison. The succession is in accordance with a transition plan the company outlined in 2014.  
  • Party City taps former Ahold exec as new finance head

    Party City Holdco Inc. on Thursday named Daniel J. Sullivan as CFO.   Sullivan succeeds Michael A. Correale, who is stepping down as Party City CFO to focus on the newly created position of executive VP chief accounting officer and treasurer, effective Aug. 29. In his new role, Correale will be responsible for all of the company’s external financial reporting, treasury functions, banking and credit relationships.  
  • Supermarket giant announces exec retirement, promotions

    The Kroger Co. on Tuesday announced a series of management changes.    The retailer said Bill Breetz, president of its Houston division, will retire effective Aug. 26. Breetz began his Kroger career in 1972 as a bagger in Louisville, Kentucky., and went on to hold several leadership positions at the chain.      Marlene Stewart, who currently serves as president of the company's Dillons division, will succeed Breetz.    
  • Quiznos tops organization with new CEO

    Quick-service restaurant chain Quiznos has promoted global chief marketing officer Susan Lintonsmith as its new CEO.   Joining Quiznos as chief marketing officer in 2012, Lintonsmith was instrumental in opening the China market and leading the opening of the Quiznos Grill premium sandwich concept. Previous roles in her more than 25-year career include serving as a consultant to Einstein Noah Restaurant Group and as chief marketing officer of Red Robin Gourmet Burgers.  
  • Familiar name returns as CEO of Canadian Tire

    Toronto-based general merchandise retailer Canadian Tire Corp. has made a sudden shift at the top of the company’s executive structure.   Stephen Wetmore, who previously served as CEO of Canadian Tire from 2009-2014, has been named president and CEO of the company, effective immediately. Wetmore, who has remained on the board of directors after leaving the CEO post, will remain a director of the company but step down as deputy chairman of the board.  
  • Target names new legal head

    Target Corp. has named Don Liu as executive VP, chief legal officer and general counsel, effective Aug. 22, 2016.   Liu will oversee all legal, corporate governance and government affairs matters for the company. He will report to chairman and CEO Brian Cornell and serve as a member of Target’s leadership team.  
  • Coach names new chief of Stuart Weitzman brand

    Coach Inc. is appointing Wendy Kahn, as CEO and brand president – Stuart Weitzman, effective Sept. 13, 2016.   Kahn will succeed Wayne Kulkin, the brand’s current CEO, who will become a consultant to Coach. She joins the luxury retailer from Valentino Fashion Group, where she currently holds the position of CEO – Valentino, USA and V.F.G., USA & Canada. Previously, Kahn served as senior VP of sales, marketing & retail for Valentino from 2006-2008.  
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